-technical bulls pushing hard today, successfully clearing 2500 resistance. While earlier attempts face pressure amid soyoil losses, a sharp recovery in afternoon trades re-energized fcpo bulls. SO recovered nearly 1% during afternoon trading, ignoring CO 2% losses.
-the near term target is 2550++, the last SMAs resistance. To go above this, soyoil needs to catch up first, like near $0.39. (last $0.377) If not, “fcpo discount” looks a bit expensive.
-a strong trading buy mkt if above 2500. Significant support is raised to 2470++ from 2450.
-the near term target is 2550++, the last SMAs resistance. To go above this, soyoil needs to catch up first, like near $0.39. (last $0.377) If not, “fcpo discount” looks a bit expensive.
-a strong trading buy mkt if above 2500. Significant support is raised to 2470++ from 2450.
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